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It’s the mother of all markets, making all other types of trading possible. Every three years the Bank of International Settlements releases its survey of foreign exchange and OTC derivatives markets.
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2021/05/19 Market Analysis

Authored by TD Markets
19.05.2021
Market Analysis
0
1 min

AUDNZD

AUDNZD is very choppy at the moment however the market failed to form a lower low, instead it rejected the support zone as well as the support trendline forming a higher low. A break and close above the resistance zone should see the bulls pushing the market higher.

EURNZD

EURNZD broke above the resistance indicating bullish moment. A retest on the zone will confirm bullish momentum.

NZDCAD

NZDCAD has been in a bear run as bulls aren't aggressive enough to see a shift in the momentum. Currently the market is rejecting the resistance trendline which looks set to continue the bear run and form lower lows.

Authored by TD Markets
19.05.2021
Market Analysis
0
1 min

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